Corporate Foundations: Getting Started

A corporate foundation provides many unique benefits. It can improve the impact and focus of a company’s philanthropic activities, and at the same time advance the company’s larger strategic goals.

A corporate foundation can engage in charitable activities that would not be tax deductible if handled directly by the company. These include loans for a charitable purpose that are paid back to the foundation; grants to for-profit entities when they are used for a charitable purpose or to advance the work of the foundation; scholarship programs; and even grants to individuals for disaster relief and economic hardship.